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Melius Stays Bullish on Oracle (ORCL) as AI Cloud Growth Accelerates

Oracle Corporation (NYSE:ORCL) is one of the Trending AI Stocks on Wall Street. On September 10, Melius analyst Ben Reitzes raised the price target on the stock to 370.00(from370.00 (from 270.00) while maintaining a Buy rating. The firm anticipates accelerating long-term revenue growth for Oracle, largely driven by a surge in AI inferencing capabilities. It also expanded Oracle’s valuation multiple to reflect higher growth. At the same time, analysts have noted that free cash flow has turned negative and will lik ...